EURGBP Price Action Analysis - bearish rally or bearish ranging?

W1 price is located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition with secondary bear market rally:

• The price is trying to cross Fibo resistance level at 0.7439 from below to above for the secondary rally to be continuing with good possibility to the veresal of the price movement from the primary bearish to the bullish market condition.
• Symmetric triangle pattern was formed by the price to be crossed for the direction of the trend to be established.
• The bearish trend will be continuing if the price breaks Fibo support level at 0.6935, otherwise we may see the ranging or rally within the primary bearish market condition.
  

If the price will break Fibo resistance level at 0.7439 on close weekly bar so the secondary market rally will be continuing.
If not so the price will be ranging within the levels.

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